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Share Market Closing Note

Indian benchmark indices ended lower on August 3 with Nifty at 19,381.65.

UPL, Titan Company, Bajaj Finserv, ONGC and ICICI Bank are among the top losers on the Nifty, while gainers included Adani Enterprises, Eicher Motors, Divis Labs, Infosys and Adani Ports.

Among sectors, pharma index gained 1 percent, while bank, metal, oil & gas and realty down 1-2 percent each.

The BSE Midcap and Smallcap indices ended on flat note.

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Topic :- Time:3.15 PM

Just In:

Jhunjhunwala-backed Concord Biotech IPO to open on August 4, sets price band at Rs 705-741per share

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Topic :- Time:3.00 PM

Nifty spot if holds above 19340 level on closing basis then expect some pull back in the market in coming days and if it closes below above mentioned level then some sluggish movement can follow in the Nifty.

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6568. If it manages to trade and sustain above 6575 level then expect some upmove in it and if it sustains below 6575 level then some down move can be seen in it.

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Topic :- Time:2.00 PM

There is no stop for Nifty fall right now. Nifty is showing some free fall since yesterday. Nifty spot if breaks and trade below 19300 level then expect some further decline in the market and if it manages to trade and sustain above 19340 level then some upmove can happen. Currently Nifty spot is at 19309.

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Topic :- Time:1.30 PM

GOLD Trading View:

GOLD is trading at 59520. If it manages to trade and sustain above 59560 level then expect some upmove in it and if it breaks and trade below 59480 level then some decline can be seen in the Gold.

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Topic :- Time:1.10 PM

Just In:

Temasek to invest Rs 1,200 crore in M&Ms EV firm, ups stake to 3%

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Topic :- Time:1.00 PM

Nifty spot is trading at 19357. If it manages to trade and sustain above 19380 level then expect some further upmove in the market and if it breaks and trade below 19320 level then some decline can be seen in the Nifty.

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Topic :- Time:12.50 PM

Just In:

India government restricts import of laptop, computers, tablets

On Thursday, the Indian government issued a notice imposing immediate restrictions on the import of laptops, tablets, and personal computers.

Their import would be allowed against a valid licence for restricted imports, said the notice issued by the Ministry of Commerce and Industry, Department of Commerce, Government of India.

As per the notice issued by the government, Exemption from Import Licencing requirements is provided for Import of All-in-one Personal Computer, or Ultra small form factor Computer, including those purchased from e-commerce portals, through post or courier. Imports shall be subject to payment of duty as applicable.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 735.70. If it breaks and trade below 734 level then expect some decline in it and if it manages to trade and sustain above 737 level then some upmove can be seen in it.

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Topic :- Time:12.00 PM

Once again nifty is trading with negative bias however it is near its immediate support area. Nifty spot is currently trading at 19474. If it breaks and trade below 19460 level then expect some further decline in the market and if it manages to trade and sustain above 19500 level then some upmove can follow in the Nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Indices trade flat amid volatility; Sun Pharma, Adani Enterprises top gainers

2. Ambuja Cements buys majority stake in Sanghi Industries, open offer coming

3. Services PMI jumps to 62.3 in July, highest in more than 13 years

4. Tiger Global-backed Spinny fires 300 employees in business rejig

5. Top brokerages face Sebi heat over ties with an algo-marketplace

6. Zydus Lifesciences gains on USFDA nod to arthritis drug

7. IMD puts Mumbai on yellow alert for Aug 3

8. Vedanta shares fall 9% on block deal, promoter Twin Star Holdings likely seller

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 03 August,2023:

Nifty is likely to remain volatile and is expected to turn even more volatile as the day progresses.

Nifty spot if manages to trade and sustain above 19520 level then expect some upmove in the market and if it breaks and trade below 19460 level then some decline can be witnessed in the market. 

Please note this is just opening view and should not be considered as the view for the whole day.

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The communal clashes which erupted in Haryana's Nuh have spread to several adjoining areas, including Gurugram, where an Imam was killed after a mob attacked a mosque in sector 57 area. A curfew has been imposed on the violence-hit Nuh where so far four people have lost their lives to the communal violence.

On Tuesday, a mosque in Gurugram's sector 57 was set ablaze killing the 26-year-old Imam as the violence gripped the city, news agency PTI reported. The mob opened fire in which two people were injured. The imam, identified as Bihar native Saad, died during treatment, a senior officer said. According to the police, the mob reached the Anjuman Masjid in Sector 57 after midnight. Some people in the crowd opened fire at the people present in the mosque and also set it ablaze.

Meanwhile, expressing concern about the ongoing clashes in Nuh and other adjoining areas, Haryana Chief Minister ML Khattar said, "This is an unfortunate incident. A Yatra was being organised during which some people conspired an attack Yatris and police. Violent incidents were reported at several places. There seems to be a big conspiracy behind this. Heavy police have been deployed in Nuh district and nearby areas. Curfew has also been imposed in Nuh and Section 144 has been imposed in some places. Around 44 FIRs have been registered and 70 people have been taken into custody. Strict actions will be taken against them. So far 5 people have lost their lives including two police officials. We will provide all possible assistance to them. I appeal to the common people to maintain peace in the district."

Mobile Internet Services Suspended In Nuh, Faridabad Till Wednesday

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Share Market Closing Note

Nifty at 19,750, Sensex up 340 pts; barring FMCG all sectors in green.

The BSE Midcap and Smallcap indices rose 1 percent each.

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Topic :- Time:3.00 PM

Nifty spot if holds above 19720 level on closing basis then expect some further upmove in the market in coming sessions and if it closes below above mentioned level then some sluggish movement is likely to follow in the Nifty.

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Topic :- Time:2.45 PM

Just In:

UPL Q1 Cons Net profit at 1.66 B Rupees vs 8.88(YOY)

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Topic :- Time:2.45 PM

Just In:

ADANI GREEN ENERGY Q1 RESULTS:

Profit rises 51% on higher operating margin.

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Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 59620. If it breaks and trade below 59560 level then expect some decline in it and if it manages to trade and sustain above 59660 level then some upmove can follow in it.

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Topic :- Time:2.15 PM

Just In:

NCLAT, NCLT can recall their own judgments, Supreme Court affirms.

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Topic :- Time:2.05 PM

Just In:

Kotak Mahindra Bank says no communication from RBI on CEO succession

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Topic :- Time:2.00 PM

Nifty is highly rangebound. Nifty spot if manages to trade and sustain above 19720 level then expect some upmove in it and if it breaks and trade below 19680 level then some decline can follow in the market.

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Topic :- Time:11.15 AM

Onest IPO: FMCG firm files draft papers with SEBI for issue:

Mumbai-based FMCG firm Onest Limited has filed its Draft Red Herring prospectus (DRHP) with capital market regulator SEBI to raise funds through for its initial public offering (IPO).

The Onest Limited IPO, which has a face value of Rs. 10, consists of a fresh issuance for Rs. 77 crore and an offer for sale (OFS) by the promoter and other selling shareholders of up to 3.25 million shares.

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Topic :- Time:100 PM

Nifty spot is trading at 19596. If it manages to trade and sustain above 19720 level then expect some upmove in the market and if it breaks and trade below 19660 level then some decline can be seen in the Nifty.

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Topic :- Time:12.55 PM

Just In:

Indias leading private banks are facing consistent challenges due to a decline in attrition rates, which range from 34% to 46%.

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Topic :- Time:12.50 PM

Just In:

Funding to Indian startups fell 77% from Jan-July 2023 over 2022

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 745.50.If it holds above 743 level then expect some quick upmove in it and copper is likely to test 750 level quite soon however once it breaks and trade below 743 level then some decline can be seen in it.

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Topic :- Time:12.15 PM

Just In:

Concord Biotech IPO: Jhunjhunwala-backed Concord IPO sets price band at ₹705-741

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Topic :- Time:12.05 PM

Just In:

There has been no communication from the Reserve Bank of India (RBI) on the potential successor of CEO Uday Kotak, sources with knowledge of the matter told CNBC-TV18.

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Topic :- Time:12.00 PM

Nifty spot is trading at 19700. Very less movement is there in the market right now. Nifty spot if manages to trade and sustain above 19720 level then expect some upmove in the market and if it breaks and trade below 19660 level then some decline is likely to follow in the Nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1.  Indices at days high; Adani Ports, NTPC, Tata Steel top gainers

2. Delhi HC rejects Marans ₹1,323 cr claim from SpiceJet

3. DGCA renews Jet Airways flying permit; shares jump 5%

4. Jana Small Finance Bank refiles DRHP for ₹575 cr IPO

5. SBFC Finance sets IPO price band at Rs 54-57

6. Nirma closes in on Glenmarks API arm

7. India, Spore in talks to trade in green power

8. Nazara Tech gains on 31% surge in Q1 profit, despite GST woes

9. SEC asked Coinbase to stop trading in cryptocurrencies other than bitcoin prior to suing

10. Foxconn to sign Rs 1,600 crore components plant deal with Tamil Nadu

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Topic :- Time:11.00 AM

After flat to negative opening nifty is now trading in green zone. Nifty spot if manages to trade and sustain above 19720 level then expect some upmove in it and if it breaks and trade below 19660 level then some decline can be seen in the market. Currently Nifty spot is trading at 19692.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 31 July,2023:

Nifty is likely to remain volatile and is expected to turn even more volatile as the day progresses.

Nifty spot if manages to trade and sustain above 19680 level then expect some upmove in the market and if it breaks and trade below 19600 level then some decline can be witnessed in the market. 

Please note this is just opening view and should not be considered as the view for the whole day.

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US Federal Reserve Meeting Today: Following a pause on rate hikes in June, it is highly probable that the US Federal Reserve will opt for an increase in benchmark rates by 25 basis points, bringing them to a range of 5.25% to 5.50% on Wednesday (July 26). Global investors will be paying close attention to the Federal Reserve's position on inflation and its forthcoming strategies concerning the trajectory of rate hikes.

It is expected that Federal Reserve might indicate the conclusion of the ongoing rate hike phase. According to a Reuters poll of 106 economists, a majority of them hold the belief that the rate hike in July will mark the final step in the current tightening cycle.

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Rice prices are set to surge after top exporter India banned a large chunk of shipments, adding to stresses on global food markets that have already been roiled by bad weather and the worsening conflict in Ukraine.

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Reliance-JFSL demerger: After demerger of Jio Financial Services Ltd (JFSL) from its core Reliance Industries Ltd (RIL), Jio Financial Services share price is expected to list on NSE at ₹273 per share ( ₹2,853 - ₹2,580). This is ₹140 higher from the softly accepted JFSL share price of ₹133 by Reliance Industries Ltd while declaring the cost of acquisition details for RIL and JFSL. However, valuations of the Jio Financial Services shares are coming at ₹261.45 per share levels after demerger. 

After strong than expected looking debut of Jio Financial Services shares, stock market experts are highly bullish on this new Reliance entity on Dalal Street. They believe that JFSL would be a pure financial company that will be in lending, investing and other financial business'. Appointment of two banking pioneers KV Kamath and Hitesh Sethi is a glaring example of it.

Jio Financial Services after demerger

On companies coming under the umbrella of Jio Financial Services Ltd after demerger from Reliance Industries Ltd, Rajesh Sinha, Senior Research Analyst at Bonanza Portfolio said, "JFSL is a financial services undertaking with investments in six companies — Reliance Industrial Investments and Holdings (RIIHL), Reliance Payment Solutions, Jio Payments Bank, Reliance Retail Finance, Jio Information Aggregator Services and Reliance Retail Insurance Broking."

The Bonanza Portfolio expert said that demerger decision is basically taken to keep financial service business distinct from other businesses and may attract a different set of investors, strategic partners, lenders and other stakeholders. Post demerger, aim is to lend to consumers and merchants based on proprietary data analytics and eventually branch out to insurance, payments, digital broking and asset management.

On what Jio Financial Services Ltd would be as a company, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "As the name suggests, JFSL would be a pure financial company. But, I believe they would first target the lending business because they have appointed two big names of banking business KV Kamath and Hitesh Sethi. Both are pioneer in lending business. But, they have expertise in two different area, KV Kamath has expertise of developing a lending business model whiole Hitesh Sethi has expertise of implenting that lending business model through ditial and tech advancements. So, the Jio Financial Services Ltd is expected to be a hi tech lending business company in the financial segment." However, he maintained that the new Reliance entity would definitely foray into mutual funds, insurance and other financial segments.

On how Jio Financial Services Ltd would be different from other lenders available in the Indian financial system, Vaibhav Kaushik, Research Analyst at GCL Broking said, "Most of the peers of JFSL have a business model that relies heavily on leverages whereas if we look at the track record of RIL Chairman Mukesh Ambani, he don't like leverage. Hence, I am expecting that leverage-free business model getting implemented at JFSL as well. If that happens, then it would be a big threat to existing peers in long run, especially non banking financial companies (NBFCs). In fact, it would pose a big challenge to Bajaj Finance as well in the medium to long term."

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According to ISRO, the Rs 615 crore spacecraft, comprising of a lander and rover is expected to make a soft landing on Moon either on August 23 or August 24.

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Topic :- Share Market Closing Note

Sensex ends volatile trade 64 points higher; Nifty above 19,350; HCL Tech drops 3%, Tata Steel rises 3%

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Topic :- Time:3.00 PM

Nifty spot if holds above 19320 level on closing basis then expect some upmove in coming days and if it closes below above mentioned level of 19320 spot then expect some further decline in the market. One should avoid carrying open positions for tomorrow.

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Topic :- Time:2.55 PM

Just In:

SpiceJet board to consider raising fresh capital on July 12

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Topic :- Time:2.50 PM

Just In:

Bajaj Auto continues its winning streak, hits fresh record high on strong bookings.

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Topic :- Time:2.40 PM

Just In:

Debt mutual funds see outflow in June � liquid and ultra-short-duration categories the most hit

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6056.If it breaks and trade below 6040 level then expect some further decline in it and if it manages to trade and sustain above 6080 level then some upmove can be seen in it.

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Topic :- Time:2.15 PM

Nifty is hihgly rangebound and in options be it CE or PE premium decay is happening. Traders should wait for movement before taking fresh positions.

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Topic :- Time:1.42 PM

Just In:

Hindustan Zinc Share Price: Stock snaps seven-day winning streak after dividend announcement

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Topic :- Time:1.30 PM

SILVER Trading View:

SILVER is trading at 71268. If it manages to trade and sustain above 71300 level then expect some upmove in it and if it breaks and trade below 71180 level then some decline can follow in Silver.

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Topic :- Time:1.15 PM

Just In:

RIL share hits record high after Jio Financial demerger record date announcement

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Topic :- Time:1.00 PM

Nifty is trading in a range. Nifty spot if manages to trade and sustain above 19400 level then expect some upmove in the market and if it breaks and trade below 19340 level then some decline can be seen. Currently nifty spot is trading at 19380.

Nifty is trading in a range. Nifty spot if manages to trade and sustain above 19400 level then expect some upmove in the market and if it breaks and trade below 19340 level then some decline can be seen. Currently nifty spot is trading at 19380.

Nifty Future Support 19450 and Resistance 19500

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Topic :- Time:12.40 PM

Just In:

SAT refuses to let Zees Chandra, Goenka off the Sebi hook

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 719.80. If it breaks and trade below 718 level then expect some decline in it and if it manages to trade and sustain above 720.30 level then some upmove can follow in it.

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Topic :- Time:12.10 PM

Nifty is declining and if it breaks and trade below 19380 level then expect some decline in the market and if it manages to trade and sustain above 19380 level then some upmove can follow in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex jumps 350 points, Nifty tops 19,400

2. RIL jumps over 4%, hits 52-week high.

3. Go First lenders worried over HC ruling

4. Adani buys 30% in Trainman for Rs 3.5 cr

5. Axis AMC leases 2 floors in Mumbai tower

6. Harley-Davidson may make in India to sell globally, says CEO Jochen Zeitz

7. Cyient DLM has a cracker of a listing, rockets over 50%

8. SpiceJet plans to raise fresh capital on July 12 amid financial crisis and legal disputes

9. RVNL gains 2% on winning project worth Rs 808 crore

10. Ant to buy back shares at 70% lower valuation than at IPO

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 1 July,2023:

Gap up opening around 65 points expected in the Nifty. 

Nifty is likely to turn quite volatile as the day progresses.

Nifty spot if manages to trade and sustain above 19440 level then expect some upmove in the market and if it breaks and trade below 19360 level then some decline can be seen in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.

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Shares of Reliance Industries Ltd. hit a 52-week high after its decision to reduce equity share capital held by shareholders in Reliance Retail Ltd. and plans to separately list its financial services business. 

The shares held by minority investors, other than its promoter and the holding company Reliance Retail Ventures Ltd., in unlisted Reliance Retail Ltd. shall be cancelled and extinguished,

The company has also set the record date for the demerger of its financial services arm that will be renamed and listed as Jio Financial Services Ltd. As the downgrade cycle reverses and net debt nears peak, "rate of change" will be a key focus in RIL's earnings, according to Morgan Stanley. Beyond that, it's all about rebuilding confidence in petrochem margins, fuel demand, and monetisation of i